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RBL Bank Ltd slips for fifth straight session

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Capital Market

RBL Bank Ltd is quoting at Rs 158.15, down 2.32% on the day as on 13:19 IST on the NSE. The stock jumped 12.76% in last one year as compared to a 3.8% rally in NIFTY and a 10.12% spurt in the Nifty PSU Bank index.

RBL Bank Ltd dropped for a fifth straight session today. The stock is quoting at Rs 158.15, down 2.32% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.57% on the day, quoting at 17932.35. The Sensex is at 60952.13, down 0.6%.RBL Bank Ltd has eased around 8.29% in last one month.Meanwhile, Nifty PSU Bank index of which RBL Bank Ltd is a constituent, has eased around 3.27% in last one month and is currently quoting at 21256.25, down 1.56% on the day. The volume in the stock stood at 45.12 lakh shares today, compared to the daily average of 91.34 lakh shares in last one month.

 

The benchmark February futures contract for the stock is quoting at Rs 157.95, down 2.8% on the day. RBL Bank Ltd jumped 12.76% in last one year as compared to a 3.8% rally in NIFTY and a 10.12% spurt in the Nifty PSU Bank index.

The PE of the stock is 11.99 based on TTM earnings ending December 22.

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First Published: Feb 17 2023 | 1:35 PM IST

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